Latest News
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Saluda Medical shares plummet on Australian market debut
Saluda Medical shares listed on the Australian Securities Exchange fell nearly 45% in their debut at the Australian Securities Exchange on Friday after raising A$231,000,000 ($152.67,000,000) through its initial public offer. Saluda is a U.S. medical device company that develops neuromodulation treatments to treat chronic neurological conditions. The company sold 87.1 new CHESS depositary interests at A$2.65, which valued the company at approximately A$775 millions at listing. In the first few trading minutes, the stock fell almost half its value to A$1.48. Saluda was founded in Sydney, Australia in 2010. The FDA-approved Evoke Spinal Cord Stimulation (SCS) System is a closed-loop system that uses neural biomarkers to measure and adapt therapy in real-time. Saluda made its debut after GemLife Communities Group IPO of A$750 Million in early July. This was the largest 2025 listing in Australia and surpassed Virgin Australia's A$685 Million offering at the end of June. (1 Australian dollar = 1.5131 dollars) (Reporting and editing by Alan Barona in Bengaluru)
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Irish media reported that drones were spotted near Zelenskiy's flight path from Dublin.
Local media reported that an Irish navy ship saw up to five drones near the flight path for Ukrainian President Volodymyr Zelenskiy as he arrived in Ireland on Monday to make a state visit. Irish Times reported that the sighting caused a major alert due to fears of an attempted interference with the flight path. The Irish Times cited unnamed sources who said that the aircraft was not in danger, despite its arrival a little early. The Ukrainian delegation arrived on Monday late and left late the following day, as part of an effort to drum up support for Kyiv in Europe as Russia continues its war against Ukraine. Ukrainian media reported that Dmytro Litvyn was an adviser to Zelenskiy. He said that Ukrainian officials had been informed of the drones but took no action. Lytvyn is quoted as saying "The host country is responsible for the security." According to their data there were drones. However, this did not impact the visit. There was no need to change the visit. Recent drone flights originating from unknown origins have disrupted airspace operations across Europe. Ursula von der Leyen, President of the European Commission, has called these incursions hybrid warfare. The Journal website first reported that drones were spotted at Dublin Airport. They said they arrived at the exact location where Zelenskiy’s plane had been expected to be, at the exact time it was due to pass. The authorities said they were conducting investigations to determine if the drones had taken off from a ship or landed on land. Both news outlets reported that they were first seen northeast of Dublin at a distance of around 20 km (12miles) from the airport. Ireland's Defence Forces stated that it could not comment on any specifics about any alleged incident for operational security purposes. A spokesperson stated that "However, Defence Forces Support to the Security Operation, led by An Garda Siochana, was successfully deployed through multiple means, ultimately leading to a successful and safe visit," (Reporting and editing by Timothy Heritage Ron Popeski Stephen Coates).
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CANADA CRUDE-Western Canada Select trades at steepest discounts ever since March
The difference between the West Texas Intermediate benchmark futures and Western Canada Select futures, which is North American benchmark, has narrowed slightly on Thursday. However, it remains larger than ever before. CalRock reported that WCS for Hardisty, Alberta delivery in January settled at $12.85 per barrel, which is lower than the U.S. benchmark WTI. This compares to $13 Wednesday. The WCS discount on increased Canadian oil production has recently increased after spending most of the year in historically tight levels. This is largely due to the Trans Mountain expansion pipeline which has provided additional export capacity for Canadian oil producers. According to government statistics, the oil-producing province Alberta has set a record for production in 2024 with an average of 3.98 million barrels per day. The first 10 months of the year 2025 have been 3.8% higher than the same period of last year. * Oil prices fell globally on Thursday as investors waited for the Federal Reserve's interest rate cut. Meanwhile, the stalled Ukraine talks dampened expectations that a deal would be reached to restore Russian oil supplies. (Reporting from Amanda Stephenson, Calgary; Editing done by Maju Sam)
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Brazil 2026 Budget Sponsor proposes $1.9 Billion Exclusion for State-run Firms' Fiscal Target
Gervasio maia, the Brazilian congressman who sponsored the bill on budget guidelines for 2026, proposed to exclude up to 10 billion reals ($1.9 billion) of next year's fiscal goal for state-owned enterprises. According to Maia’s amendment, this amount will cover the expenses of companies that have an active and approved economic-financial plan. The proposal gives President Luiz inacio Lula da Silveira fiscal flexibility. It comes at a time when the postal service Correios is facing a cash crisis. Last month, it approved a restructuring program as its losses soared this year. This raised doubts over the viability of state-run Correios. The company reported a loss for the year to date of 6 billion reals ($1.13 billion), nearly three times the amount reported a year ago. The government has to compensate state-owned companies when they exceed their fiscal targets. This often means freezing federal spending. This is what happened with this year's Budget, when the government in November approved it. It was necessary to offset the 3 billion reais deficit that had been expected at state-owned firms due to Correios’ troubles. Maia removed from her proposal a clause on compensation. This effectively prevents the government from implementing it in the event that state-owned companies miss their targets next year. After the bill was passed, the change to the budget proposal for 2026 was announced ahead of the joint session of the Congress on Thursday. Committee approval is expected to be made on Wednesday. Correios stated earlier this week that the Treasury Blockage It was prevented from taking out a loan of 20 billion reais (3.67 billion dollars) from a bank consortium with a guarantee from the government because the interest rates exceeded the limit for deals backed by the state. ($1 = 5.3048 reales) ($1= 5.3133 reales) (Reporting and editing by Diane Craft; Marcela Ayres)
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Irish media reported that drones were spotted near Zelenskiy's flight path from Dublin.
Local media reported that an Irish navy ship saw up to five drones near the flight path for Ukrainian President Volodymyr Zelenskiy as he arrived in Ireland on Monday to make a state visit. Irish Times reported that the sighting caused a major alert due to fears of an attempted interference with the flight path. The Irish Times cited unnamed sources who said that the aircraft was not in danger, despite its arrival a little early. The Ukrainian delegation arrived on Monday late and left late the following day, as part of an effort to drum up support for Kyiv in Europe as Russia continues its war against Ukraine. Recent drone flights in Europe have disrupted airspace operations. Their origin is mostly unknown. Ursula von der Leyen, President of the European Commission, has called these incursions hybrid warfare. The Journal website first reported that drones were spotted at Dublin Airport. They said they arrived at the exact location where Zelenskiy’s plane had been expected to be, at the exact time it was due to pass. The authorities said they were conducting investigations to determine if the drones had taken off from a ship or landed on land. Both news outlets reported that they were first seen northeast of Dublin at a distance of around 20 km (12miles) from the airport. Ireland's Defence Forces stated that it could not comment on any specifics about any alleged incident for operational security purposes. A spokesperson stated that "however, the Defence Forces' support to An Garda Siochana's (police) security operation was successfully deployed by multiple means, ultimately leading to a successful and safe visit,"
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US investigations report that Waymo's self-driving car illegally passed 19 school buses in Texas
The U.S. government said Thursday that it had asked Waymo for more information after Texas officials claimed that Alphabet's self-driving cars had passed school buses illegally 19 times since the beginning of the school year. In October, the National Highway Traffic Safety Administration launched an investigation after an incident that occurred in Georgia. A Waymo was not stationary as it approached a school bus while its red lights were flashing and its stop arm was deployed. The Austin Independent School District posted a letter on November 20, 2018 by the NHTSA. In the letter, they stated that five incidents had occurred in November following the announcement from Waymo that it had updated its software to fix the problem. They asked the company not to operate around schools at pick-up or drop-off hours until it was able to ensure the vehicles wouldn't violate the law. Waymo didn't immediately respond to an inquiry for comment. A lawyer for the district wrote: "We cannot let Waymo continue to endanger our students as it tries to fix the problem." Citing an incident in which a Waymo was "recorded" driving past a school bus that had stopped only moments after the student who crossed in front, while still on the road, had been in front of the vehicle. A spokesperson for the school district did not respond immediately to whether Waymo had met this request. NHTSA was prompted by the letter to ask Waymo if it would comply to the request that self-driving vehicles cease operations during pick-up or drop-off hours for students. They also asked: "Was a software fix developed or implemented to mitigate this concern?" If so, will Waymo file a recall to fix the problem? In a letter sent to Waymo by the NHTSA on Wednesday, it demanded answers to questions about school bus incidents and software updates that address safety concerns. David Shepardson is reporting.
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US investigations report that Waymo's self-driving car illegally passed 19 school buses in Texas
The U.S. government said on Thursday that it had asked Waymo for more information after Texas officials claimed that Alphabet's self-driving cars had passed school buses illegally 19 times since the beginning of the school year. In October, the National Highway Traffic Safety Administration launched an investigation after a Georgia incident where a Waymo failed to remain stationary as it approached a school bus that had its red lights flashing with a stop arm deployed. In a letter published by NHTSA on Nov. 20, the Austin Independent Schools District stated that five incidents had occurred in November, after Waymo claimed to have made software updates to fix the problem. The district asked the company to stop operations near schools at pick-up or drop-off hours until it could be ensured the vehicles wouldn't violate the law. Waymo didn't immediately respond to an inquiry for comment. David Shepardson reports.
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Sources: Deutsche Bahn will return to profitability this year and next.
According to sources close the company, Deutsche Bahn will return to profitability this year and next, despite its underinvestment in trains and delays. After more than a decade underinvestment by the state-owned Deutsche Bahn, it has begun upgrading its tracks and overhead lines, as well as cutting administrative costs. This has led to major delays and cancellations across the country. Positive outlook is also a result of CEO Evelyn Palla's task to turn the company around. She took over on October 1. Palla will present her restructuring plan for the company at a meeting of the supervisory board scheduled to take place on Wednesday. Significant job cuts are expected. Deutsche Bahn has declined to comment. Sources said that the company expects a slightly positive profit before interest and tax (EBIT) in 2025 after a loss last year of 388 million euros. EBIT is expected to reach 500 million euros by 2026. The German Bahn also aims at reducing its net loss from 820 million euros to 180 million next year. Revenues are expected to stay stable, around 28 billion euro next year.
Boeing to purchase Spirit Aero for $4.7 bln in effort to take on quality lapses
Boeing has agreed to buy back Spirit AeroSystems for $4.7 billion in stock, ending the neartwodecade self-reliance of the world's largest standalone aerostructures company.
Boeing's arch-rival, Airplane, which became a Spirit customer after Boeing spun it off, will handle the supplier's. loss-making Europe-focused activities in return for hundreds of. countless dollars of compensation.
The offer follows a cabin panel blow out on a Boeing. 737 MAX airplane in January sprawled into a massive. reputational and safety crisis, with regulatory examination on. Boeing's quality lapses.
Here is a timeline of recent problems surrounding limit. given that the crashes in 2018 and 2019:
OCTOBER 2018: A Lion Air MAX aircraft crashes in Indonesia, killing. all 189 individuals on board.
NOVEMBER 2018: The FAA and Boeing start evaluating the requirement for. software application or design modifications to 737 MAX jets following the Lion. Air crash. MARCH 2019: An Ethiopian Airlines MAX crashes, killing all 157. individuals on board. China ends up being the very first nation to ground the. MAX, followed by others consisting of the U.S. Federal Aviation. Administration. APRIL 2019: The FAA forms a worldwide team to examine the. security of 737 MAX. Boeing cuts regular monthly production by nearly 20%. SEPTEMBER 2019: Boeing's board produces a long-term safety. committee to oversee advancement, manufacturing and operation of. its airplane.
OCTOBER 2019: Boeing fires Kevin McAllister, the top executive. of its business aircrafts department. DECEMBER 2020: The company fires CEO Dennis Muilenburg in the. wake of the twin crashes.
JANUARY 2020: Boeing suspends 737 production, its biggest. assembly-line stop in more than 20 years.
MAY 2020: Boeing resumes 737 MAX production at a low rate. JUNE 2020: Boeing begins a series of long-delayed flight tests. of its revamped 737 MAX with regulators at the controls. NOVEMBER 2020: The FAA raises the grounding order, permitting the. 737 MAX to fly again. DECEMBER 2020: Congress passes legislation to reform how the FAA. licenses new planes, including requiring makers to. reveal particular safety-critical information to the regulator.
JANUARY 2021: The European Union Aviation Safety Company authorizes. the MAX's return to service in Europe. MARCH 2021: China's aviation regulator says major security. worry about limit required to be correctly dealt with before. carrying out flight tests.
APRIL 2021: Boeing stops 737 MAX deliveries after electrical. issues re-ground part of the fleet.
NOVEMBER 2021: Current and former Boeing directors reach a. $ 237.5 million settlement with shareholders to settle claims. over security oversight of the 737 MAX.
OCTOBER 2022: The FAA tells Boeing that some key documents. submitted as part of the accreditation evaluation of the 737 MAX 7. are incomplete and others require a reassessment. DECEMBER 2022: Congress agrees to extend a deadline for new. standards for modern-day cockpit signals stemming from the 2020. legislation after intense lobbying from Boeing.
APRIL 2023: Boeing stops briefly deliveries of some 737 MAXs to deal. with a new supplier quality issue including non-compliant. fittings. JULY 2023: Boeing's first delivery of the 737 MAX 7 is postponed. to 2024.
AUGUST 2023: Boeing determines a new 737 MAX supplier quality. issue involving poorly drilled holes on the aft pressure. bulkhead.
SEPTEMBER 2023: Boeing 737 MAX deliveries fall to their most affordable. levels considering that August 2021.
DECEMBER 2023: Boeing makes its first direct shipment of a 787. Dreamliner to China considering that 2019, viewed as a precursor to the. nation potentially thawing deliveries of the 737 MAX. JANUARY 2024: A mid-air cabin blowout forces Alaska Air to. carry out an emergency landing of its recently acquired 737 MAX 9. aircraft, prompting the FAA to ground 171 of these jets and. initiate an investigation. The FAA bars Boeing from increasing. MAX output, however lifts the grounding of MAX-9s when evaluations. were finished. FEBRUARY 2024: The U.S. National Transportation Safety Board. released its initial report on the Alaska Air occurrence. According to the examination, the door panel that flew off the. jet mid-flight appeared to be missing out on four key bolts.
MARCH 2024: The FAA's 737 MAX production audit discovered several. instances where Boeing and supplier Spirit AeroSystems. allegedly stopped working to comply with making quality assurance. requirements. This came days after Boeing said it remained in. preliminary speak with buy Spirit.
The crisis might suggest Boeing will need more time to strike secret. financial targets for coming years, its CFO warned. The. planemaker also stated top manager Dave Calhoun would step down at. completion of the year.
APRIL 2024: 737 MAX production falls as U.S. regulators step up. factory checks and employees slow the assembly line outside. Seattle to complete impressive work.
May 2024: The U.S. Department of Justice states Boeing breached. its responsibilities in a 2021 contract that shielded it from. criminal prosecution over 737 MAX crashes in 2018 and 2019.
The FAA head says he does not expect the agency will quickly. offer Boeing the authority to boost 737 MAX production.
June 2024: U.S. senators attack Boeing CEO for the planemaker's. tarnished safety record.
July 1, 2024: Boeing obtains Spirit back in an all-stock offer. for $4.7 billion in equity worth. The offer comes as Boeing,. which had offered Spirit in 2005 to cut expenses, tries to solve. its quality hurdles and speed up jet deliveries.
(source: Reuters)